Hidroelectrica plans to declare force majeure as of Aug. 1, 2012

  Hydropower producer Hidroelectrica intends to declare force majeure as of August 1, 2012 on all ongoing electricity supply contracts, as a result of the low river flow rates and unfavorable hydrological forecasts for H2 2012, shows a company release issued on Thursday.Low flow rates on both the Danube and the inland rivers prompted anticipation of a decline of this year's electricity production to just 13 TWh, ...

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